Newsletter

Posted January 1, 2013 02:48 am - Updated January 1, 2013 02:50 am

Obama Takes Us Over the Fiscal Cliff

Intent on carrying out his election promise to punish the upper 2% of income earners and to continue to expand the size and power of the Federal government, President Obama has tried to block any hope of compromise legislation to avoid the Obama Fiscal Cliff.On Monday afternoon, Obama spoke out against the Republicans in Congress, speaking with an arrogance not befitting of a President of the United States of America.

The House of Representatives passed both a finance bill and a spending bill back in May 2012.The bills logically addressed the problems of the impending Obama Fiscal Cliff.Harry Reid sat on these bills just like so many other responsible bills the House passed and sent to the Senate during the past four years.Reid was afraid these bills would easily pass in the Senate, as the Senate voted down Obama’s last spending bill 99-0.Reid has kept the Senate from passing any spending bills since Obama has been President.

Early on New Year’s Day, we have news that the Senate has passed a compromise bill.This is an interim step.Income taxes would go up for those making $400,000 or more per year.Obama will be back for much more money from “the rich” and from everyone else because Obama is just starting to spend and to give money to the unions and his other supporters.

Our economy has never recovered due to the disastrous grip Obama has had on our economic recovery.The Obama Administration has created regulations by the thousands, which have negatively affected small businesses and our economic recovery and growth.The EPA has shut down coalmines and electric generating power plants, pushed up the cost of electrical energy, and greatly increased the cost of gasoline and diesel fuel.

Obama succeeded in harming oil and natural gas production in the Gulf of Mexico and elsewhere. The EPA and other groups in the Obama administration continue their efforts to stop fracking, which has been one of the few areas of our economy that has grown rapidly.

New ObamaCare taxes, the cessation of the Bush tax cuts, and rapidly increasing health care costs will adversely impact everyone.Even if taxes are raised only on those families making more than $450,000, more than one million small businesses will be seriously impacted and harmed.

The only spending cuts Obama will consider would not take place until 9 and 10 years from now, making such offers nothing more than irrelevant Socialist silliness.The talks to cut spending have been skillfully limited by the Democrats to cutting Social Security and Medicare, which frightens many of the American people.No one appears to be discussing shutting down the Department of Education and Federal welfare and returning these to the states with Federal block grant funding.This action would save hundreds of billions of dollars in Federal government wasteful spending.The states would also save money because of the absence of Federal regulations.

The Department of Energy, the EPA, and most other Federal departments and agencies should be massively reduced in size because they are raising costs, destroying jobs, and providing no appreciable benefits for the American people.

President Obama has taken the United States of America rapidly to a point of fiscal disaster.Federal tax revenues have continued to decrease since Obama took office, with only $2,444,000,000,000 in revenues collected in 2012.

Spending continues to rapidly increase under Obama, and Obama intends to use almost all of the new tax revenues for new spending.During 2012, the Federal government spent $3,540,000,000,000 resulting in $1,090,000,000,000 of new debt.Our total Federal Deficit has risen to $16,350,000,000,000.

Obama won the 2012 General Election by promising people free stuff, including cell phones, while also promising to punish American Exceptionalism and any who dared to pursue the American Dream.Such actions are simply the politics of Marxism, and there is no refining it.

Obama’s actions in taking us over the Fiscal Cliff will rapidly result in a further economic downturn with decreased Federal tax revenues and falling real employment.

The loss of economic and military predominance by the United States will have a profound negative impact on the economics of other nations, with disorder and conflict increasing worldwide.We have clearly seen the deterioration of the Middle East, as the Muslim Brotherhood, al Qaeda, and other Muslim Terrorist groups gain power and influence.North Korea, Iran, China, Venezuela, and Russia arm themselves with increasingly sophisticated weapons while Obama continues to destroy our military capabilities, apologize for our past successes in preserving and promoting Liberty, and dismisses the importance of the Bible and Ten Commandments.

The New Year is a frightening place because of the pursuit of Tyranny by Barack Obama and the lack of courage shown by Republicans.